Business Startups News

Business

Category: Business

The trend in Australian digital businesses has been
remarkable in the last 10 years and even more so in recent years. Everything
from home-based startups, garage workshops to pop-up stores and tech hubs is growing
the sector with a workforce exceeding 1 million, the number of startups is
experiencing a boom.

Young talents and self-made entrepreneurs are take big risks
for big rewards, the 9 to 5 career job is no longer enticing enough for a
generation that is constantly challenged by rising costs of living and stagnant
wage growth. An environment where flexibility and reward are crucial and young
talents are recognizing that startups are offering what they are searching for.

It wasn’t long ago when traditional businesses dominated the
market place, global multi-national corporations had the market share but that
is all rapidly changing since the social media and smart phones became
available. Through the use of apps, it has become easier to get from one
location to another through ride sharing, order meals to be delivered straight
to you with a few clicks and engage your target audience via social media.

Their continued domination is evident with more startups
being created now than ever before. The rapid advancements in technology will
not only aid the growth of existing startups but also propel up and coming
startups well into the future.